andabettashley andabettashley

03-01-2016
English

Answered

While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. What concept does this scenario illustrate?

ALaissez faire
BLaw of Diminishing Returns
CShortage
DScarcity

Verified Answer :

03-01-2016

The answer is C, shortage.

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